The government on Friday said wheat prices have fallen more than 10 per cent in the past one week following its decision to sell the grain in open market to check rising prices. State-run Food Corporation of India has so far sold 9.2 lakh tonnes of wheat to bulk users at an average rate of Rs 2,474 per quintal on the first two-days of e-auction held this week. Recently, the Centre decided to offload 30 lakh tonnes of wheat from the buffer stock in the open market under the open market sale scheme (OMSS). Out of which 25 lakh tonnes will be sold to bulk consumers, flour millers, 3 lakh tonnes to institutions like Nafed and remaining 2 lakh tonnes to state governments. "The e-auction has already left an impact of a fall in market prices of wheat by more than 10 per cent in the past one week," the Food Ministry said in a statement. The "prices are set to fall further" after wheat sold in the e-auction is lifted and wheat flour (atta) is made available in the market, it said. As per
These institutions agreed to supply Atta at Rs. 29.50 per kg, which is to be named as "Bharat Atta" or "any other suitable name" with bold mention of the MRP of Rs. 29.50 per Kg
In a video shared on social media, some people riding a motorcycle are seen chasing a truck carrying sacks of flour, and people can be seen chasing the vehicle to buy the lot
In 2020-21, the country had achieved record wheat output of 109.59 million tonnes
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The retail inflation rate in wheat rose to 19.67 per cent in November from 17.64 per cent in October
Wheat stocks in India's government warehouses will fall by about 13% by early next month from current levels but will be sufficient for welfare schemes of the country
Wheat reserves in state stores totalled 19 million tonnes at the start of this month, down from 37.85 million tonnes on December 1 last year
Traders are confident that total acreage will be 10-15 per cent more than the previous years
Highest week-on-week numbers since 2017-18; hopes of strong harvest
Usually wheat is sown in around 30.5 million hectares of which so far around 15.28 million is already sown
The rise in wheat flour prices has come on the back of an increase in wheat prices as well
Assures adequate stocks if PMGKAY extended beyond December
Centre refutes the assertion of artificial shortage of fertilisers in country
Late rains in October and November raised soil moisture levels and helped farmers bring in more area under wheat, the main winter crop, growers said.
The government and fertiliser company officials have said nutrient supplies are adequate
The government has been trying to rein in food inflation, but its efforts have been complicated by wheat prices that have climbed to record highs
The state wants to encourage farmers for crop diversification and go for wheat, gram, and peas in this season
Mustard is usually sown in 6.4 million hectares, and sowing in almost 4.6 million hectares is complete till Friday